Student Loan Interest Rates - Question

Part of the debate – in the House of Lords at 11:38 am on 27 March 2024.

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Photo of Baroness Barran Baroness Barran The Parliamentary Under-Secretary of State for Education, Lords Spokesperson (Equalities) 11:38, 27 March 2024

I think the noble Lord is aware that there is a cap on the interest rate, but I remind the House that interest rates do not impact on the income of borrowers. Repayments are a percentage of income above a repayment threshold, irrespective of interest rates.